A summary of the main challenges facing business trading in Northern Ireland (NI) are as follows. Dual customs and VAT status for NI goods Following the end of the Brexit
COVID-19 VAT cuts to support key sectors Norway has extended VAT the application of the new 6% VAT rate on certain supplies until 30 September 2021. It had been scheduled
China has again extended the ability for tech manufacturers to recover input VAT suffered in an effort to support the growth of the sector and exporting. China has traditionally restricted
VAT loans based on prior VAT remittances during pandemic Denmark has extended again its innovative VAT loan repayment scheme as coronavirus lockdown is extended. It is also pushing out its
France is introducing an online portal for non-EU businesses to apply for Value Added Tax recovery on their local invoices. This will be available from 1 July 2021. This covers
The Polish Ministry of Finance has provided further guidance on the implementation of its SLIM VAT reforms which came into effect at the start of 2020. This aims to help
The Hungarian Parliament is reviewing an extension of the temporary Value Added Tax cut on housing and construction. The rate will be maintained at 5% instead of the standard rate
Taiwan offers delays on Value Added Tax and certain Gross Business Receipts Tax (GBRT). The new schedule for filing and paying any taxes is as follows: April return – now
COVID-19 economic disruption prompts VAT amnesty The United Arab Emirates government has issued a Value Added Tax amnesty to reflect the continuing disruption under the coronavirus crisis. It has also
Greece is expected to go ahead with the severally delayed introduction of electronic transaction-based reporting regime, myDATA (my Digital Accounting & Tax Application), from 1 July 2021. This includes quarterly
Afghanistan is looking to implement a Value Added Tax regime from 22 December 2021. The standard VAT rate will be 10%. It will replace the existing 10% Business Receipts Tax, a
Portugal is to go ahead with obligations for non-resident businesses to start using certified VAT invoice producing software from 1 July 2021. The use of QR Codes and ATCUD unique
Two temporary cuts to VAT rates extended till 30 September 2021 during COVID-19 pandemic Turkey has extended again the reduce the Value Added Tax rate on accommodation and other services
India is relaxing some of the Goods and Services Tax compliance requirements in acknowledgement of the severe economic disruption being caused by the COVID-19 crisis. The following Central Board of
Norway has extended further the VAT repayment scheme to assist businesses during the COVID-19 crisis. Norway has already deferred VAT payments twice, and agreed to VAT deferments will not have to
The Saudi Arabian crown prince has stated that the 1 July 2020 VAT rise from 5% to 15% may be reversed in the future. Saudi VAT trebling to 15% July
Since 1 July 2021 and the introduction of the EU deemed supplier marketplace rules for electronic interfaces, certain records must be maintained by marketplaces. This covers when the marketplace is
Bulgaria has started the approval process for an increase in its Value Added Tax registration threshold from BGN 50,000 to BGN 200,000 (about €100,000) per annum. The change could come
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